How much does Formation Limited make?

Formation Limited reported revenue of £77.7k and a loss of £98.8k in the year to 30 Nov 2023, according to its accounts filed at Companies House.

How many employees does Formation Limited have?

Formation Limited reported an average of 2 employees in the year to 30 Nov 2023.

Is Formation Limited profitable?

No — Formation Limited reported a loss of £98.8k in the year to 30 Nov 2023.

Company No. 05195583

Formation LimitedDissolved

Registered name: FORMATION LIMITED

Formation Limited made £77.7k revenue and a £98.8k loss in the year to 30 Nov 2023.

Formation Limited’s revenue was £77.7k in the year to 30 Nov 2023, with a loss of £98.8k and 2 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 30 Nov 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£77.7k

Growth —

Profit

−£98.8k

Growth —

Profit margin

−127.2%

Gross 96.8%

Employees

Change —

Profit / employee

−£49.4k

Revenue/employee £38.8k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	30 Nov 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£69.9k	£77.7k
Cost of sales	£2.4k	£2.5k
Gross profit	£67.5k	£75.2k
Operating profit	£2k	−£97.7k
Profit before tax	£1.2k	−£98.5k
Profit after tax	£1.6k	−£98.8k
Profit (best available)	£1.6k	−£98.8k
Employees (average)	2	2
Ratios
Profit margin	2.3%	−127.2%
Gross margin	96.6%	96.8%
Revenue per employee	£34.9k	£38.8k
Profit per employee	£792	−£49.4k
Balance sheet — indirect signals, not revenue
Cash at bank	£12.7k	£5.7k
Net assets	£20.2k	−£78.6k
Fixed assets	£146k	£0
Current assets	£13.9k	£14.9k
Debtors	£1.2k	£9.2k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −127.2%; Profit ÷ revenue.
Gross margin: 96.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £38.8k; Revenue ÷ average employees.
Profit per employee: −£49.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now −£78.6k
Cash at bank: —; Now £5.7k
Headcount: —; Now 2
Deferred income: —; Now —
Fixed assets: —; Now £0

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2023 (profit −£98.8k), from the Companies House accounts bulk data published May 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.